Latest News- Stone Paper Market: Packaging paper is expected to lead the Application segment during 2024-2028

The Stone Paper Market is being driven by Rising concerns over deforestation

The Stone Paper Market is expected to grow at a CAGR of 5.04% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2058.7 million. The global packaging industry is facing mounting pressure from environmental and health concerns arising from the mishandling of plastic waste. Plastics, a significant contributor to this issue, are primarily derived from non-renewable resources such as crude oil and natural gas. Their non-biodegradable nature results in detrimental environmental contamination and potential health hazards upon improper disposal. Consequently, businesses are increasingly adopting eco-friendly packaging alternatives to mitigate these risks. Furthermore, R&D investments are being made to develop sustainable, innovative packaging solutions that align with long-term sustainability objectives. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Packaging paper
  • Self adhesive paper
  • Labelling paper
  • Others
• Material
  • Calcium carbonate
  • High-density polyethylene
  • Others
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
    • Canada
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising concerns over deforestation
• Expanding need for high-quality and efficient labeling
• Implementation of stringent government regulations related to traditional paper

However, the market also witnesses some limitations, which are as follows:

• Imbalance in raw material availability
• Increasing adoption of wood-based packaging
• Environmental regulations on calcium carbonate mining

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Market Scope in Stone Paper Market Research Report

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Research Analysis Overview

The Stone Paper Market has been gaining significant attention due to the unique properties of stone paper, which includes tear resistance and water resistance. This eco-friendly alternative to traditional wood pulp paper is made from calcium carbonate and resins, making it an ideal choice for printing and labeling applications where durability and waterproof qualities are essential. The sustainability of stone paper production is another key factor driving the growth of this market. Sealed Air and International Paper are some of the major companies investing in continuous research to improve the environmental concerns associated with the production of stone paper. Moreover, the self-adhesive stone papers offer excellent waterproof qualities, making them suitable for various applications, including packaging and labeling. The market for stone paper is expected to reach USD 831 million by 2026, with the increasing demand for eco-friendly and recyclable products. However, the production of stone paper involves the use of calcium carbonate, which can contribute to deforestation if sourced unsustainably. Therefore, it is crucial for stone companies to ensure the ethical sourcing of raw materials to maintain the eco-friendly image of stone paper. Overall, the stone paper market is poised for growth, driven by its unique properties and the increasing focus on sustainability.

Market Research Overview

The global paper products market encompasses manufacturers producing a range of paper types, excluding those specializing in paper packaging. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by these paper product manufacturers. Factors driving growth in the global paper products market include the expanding demand for printing paper from publishers and book printers. Publishers and book printers are investing substantially to produce captivating books, with e-commerce platforms providing ample opportunities for clients, such as publishers, authors, and agents, to place orders online. This trend enables book publishers to broaden their customer base from large corporations to a greater number of small and individual clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/